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Barnstone appointed exclusive Trintech partner in sub-Saharan Africa


Johannesburg, 04 Aug 2011

Barnstone, a leading IT and advisory consultancy, has been appointed an exclusive partner for Trintech in sub-Saharan Africa. Trintech is the leading global provider of software solutions that optimise the creation of a company's financial statements.

“Creating financial statements to present to the market has always been an onerous undertaking, and one that has become more and more complex as business has globalised and regulations have proliferated,” says Conrad Steyn, director of Barnstone. “Our clients were continually asking for an industry-leading solution that automated the management of their financial close, replaced fragmented and manual processes with a workflow approach and delivered a high level of control. Trintech delivers all this and more.”

“Offering solutions that significantly reduce the use of spreadsheets and the number of resources required to perform key financial processes is key to our growth,” says Tony Bethell, VP EMEA, Trintech. “With our growing global client base, it is imperative that we bring on regional partners who can deliver solutions and support our clients locally in order to maintain a superior customer service.”

Trintech coined the phrase 'Last Mile of Finance' to describe the financial closing process, and has developed an integrated platform to assist CFOs meet this important obligation without compromising their ability to play the strategic growth role that is increasingly being demanded. Trintech's Unity Financial Suite offers solutions for operational reconciliation, general ledger reconciliation, financial close, and financial reporting and filing using the XBRL or iXBRL formats, in line with Integrated Financial Reporting Standards (IFRS).

Paul Byrne, CEO of Trintech, said: “Barnstone has a deep understanding of financial processes. With over 600 Trintech clients running billions of transactions every day, our collaboration of skills and knowledge will add significant value to clients in this region.”

“Trintech's offerings have the potential to add value in a number of areas. One is the increased visibility it gives to the client and the outsourcing provider when finance and accounting processes are outsourced. Given the increasing importance of sub-Saharan Africa as a hub for shared services centres, we believe that Trintech has a potentially vital role to play in the growth of this industry,” Steyn concludes.

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Barnstone

Barnstone provides strategy, advisory, system implementation and outsourcing support services to many leading organisations in South and sub-Saharan Africa. The Barnstone group focuses on:

* Executive advisory services
* Fraud risk consulting
* Governance, risk and compliance systems
* Sustainable development strategies and systems implementations
* ERP application management implementation and outsourcing services, mainly SAP focused
* Point-to-point communications in remote areas across Africa
* Business process outsourcing services
* Providing skilled resources for technology projects
* Private equity investments
* Healthcare products, and is a distributor of various wound care products

Barnstone has offices in Pretoria, Centurion, Johannesburg, and Cape Town, South Africa, as well as in Perth, Australia. For more information, http://www.barnstone.co.za/.

For more information, please contact Ansophie Strydom on 082 927 9103 or astrydom@barnstone.co.za.

Editorial contacts

Busi Diko
Warstreet Marketing
(011) 807 9842
busid@warstreet.co.za